The purpose of a financial audit is to provide assurance that financial statements are presented accurately and in conformity with generally accepted accounting principles (GAAP) allowing business owners to make confident business decisions. External financial audits...
Financial Services
Financial advice including wealth creation, insurance and lending services
Good Bad Ugly 2020 Report
by Brad Geelan | Feb 11, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
The Good Bad Ugly 2020 Benchmarking Report is now available. CLICK HERE TO DOWNLOAD THE EXECUTIVE SUMMARY Some key statistics: The total revenue per partner is $1,072,065. An average staff salary is $77,893. Debtors are at 50 days. The average client group fee is...
Innovative Australian tech company teams up with industry heavyweight to transform key accounting compliance process
by Stan Corner | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Technology
ATOmate and Virtual Cabinet announce comprehensive integration to streamline ATO document processing and administration. It’s a process that requires meticulous care and can take hours away from your administrative and accounting teams each day, but thanks to ATOmate...
Offering advisory services? Why your first engagement needs to be a scoping session
by Ethan Cooney | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Before engaging your clients with new services, there are two crucial steps you can’t miss. Now more than ever, clients are looking to you as their trusted advisors to support them through challenging times. Rather than simply calling on you for compliance lodgments,...
Tree Change – In the Accountancy Profession
by Magnus Yoshikawa | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Current world circumstances have definitely made one rethink one’s values. Interestingly, coincidingly, we are seeing ‘tree change’ conversations increasing. There is this Practitioner (name removed for privacy reasons, but you know who you are) that of late, has left...
The Future of the Financial Reporting Function
by Danielle Nye | Feb 9, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Accounting firms are essential to businesses and not-for-profit organisations, particularly when managing one or more components of an entity’s financial operations. Most accounting firms, however, don’t have the skills to prepare statutory financial statements or the...
Setting Strategies – Peripheral Activities Are Important!
by Peter Towers | Feb 4, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Accountants who are responding to the challenge of proactively supplying a range of Business Advisory Services to clients should include on their list of duties a number of activities which may be referred to as “peripheral activities” but which, in many businesses,...